Actuarial Strategy Lead, Workers’ Compensation

Markel; Rosemont (IL); On-site; USD 142,000 - 195,000; Full time

Benefits offered by this job

Health, dental, vision

401(k) with match

Employee Stock Purchase Plan

PTO & holidays

Parental leave

Job summary

Markel is seeking a Sr Actuarial Manager to lead pricing, profitability monitoring, and portfolio analytics for the Workers’ Compensation segment in the United States. You will partner with Underwriting, Claims, Finance, and senior leadership to drive profitable growth and strategic decision-making.

The role requires deep actuarial expertise, strong business acumen, and the ability to communicate complex analyses to diverse audiences.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, or a related field.
• ACAS is required; FCAS preferred.
• Minimum 8–10 years actuarial experience with Workers' Compensation.
• Strong leadership, communication, and stakeholder management skills.

Responsibilities

• Lead actuarial analyses and provide strategic guidance for the Workers Compensation segment, ensuring profitability, growth, and portfolio management objectives.
• Develop and maintain pricing analyses, rate indications, portfolio monitoring tools, and profitability assessments to support underwriting and business strategies.
• Collaborate with Underwriting, Claims, Finance, and Executive Management to identify risks and opportunities, evaluate performance, and support strategic decision-making.
• Monitor portfolio results, loss trends, claim development patterns, and underwriting performance to provide actionable recommendations.
• Partner with Claims leadership to evaluate claim trends, severity drivers, and operational initiatives affecting Workers' Compensation performance.
• Provide actuarial support for business planning, forecasting, reinsurance evaluations, and other strategic initiatives.
• Clearly communicate actuarial analyses, insights, and recommendations to both technical and non-technical audiences, including senior management.
• Present findings and recommendations in meetings and strategic discussions, translating complex actuarial concepts into practical business considerations.
• Serve as a trusted advisor to business partners by providing education and guidance on actuarial methodologies, assumptions, and KPIs.
• Lead and contribute to cross-functional projects and initiatives, representing Actuarial in enterprise and segment-level efforts.
• Manage, mentor, and develop actuarial staff, promoting technical excellence and professional growth.

Skills

Actuarial Leadership

Workers' Compensation

Pricing Analysis

Reserving

Stakeholder Management

Communication

Education

Bachelor's degree

Job description

Markel is seeking a Sr Actuarial Manager to lead pricing, profitability monitoring, and portfolio analytics for the Workers’ Compensation segment in the United States. You will partner with Underwriting, Claims, Finance, and senior leadership to drive profitable growth and strategic decision-making.

The role requires deep actuarial expertise, strong business acumen, and the ability to communicate complex analyses to diverse audiences.